Northbridge Industrial Services (LON:NBI) 95p Mkt Cap £27m
A Star is Born
Finals to December, reported today were heavily Covid impacted but as expected the Crestchic subsidiary was the star performer and accounts for 76% of groups sales. Its equipment sales increased 16.9% while Tasman rental sales struggled with a 7.9% decline leaving overall revenue improving 1.1% to £34m.
A profit of £0.4m was made before pre- exceptional costs and strong cashflow helped to reduce net debt by 11.6% to £6.8m and the Net Asset Value is £27.6m. The Covid effected Tasman was also hit by a £7....
